Torrent Power completes acquisition of 156 MW wind power plants from CESC Limited

Torrent Power Limited has completed the transaction of acquisition of 100 per cent equity share capital of Surya Vidyut Limited (SPV), a wholly-owned subsidiary of CESC Limited.

Surya Vidyut operates 156 MW of wind power plants spread across states of Gujarat, Rajasthan and Madhya Pradesh. Long-term power purchase agreements (PPAs) for the projects are with respective state discoms for a period of 25 years, with weighted average PPA tariff of Rs 4.68 per kWh. With this acquisition, Torrent Power’s total generation capacity, including under development portfolio, will reach to ~4.6 GW with renewable portfolio of more than ~1.5 GW. The acquisition initiates Torrent’s renewable energy presence in the states of Rajasthan and Madhya Pradesh and strengthen its position in the renewable energy sector.

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